Ceylon Cold Stores Balance Sheet Health
Financial Health criteria checks 4/6
Ceylon Cold Stores has a total shareholder equity of LKR22.5B and total debt of LKR13.3B, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are LKR71.0B and LKR48.5B respectively. Ceylon Cold Stores's EBIT is LKR9.7B making its interest coverage ratio 3.6. It has cash and short-term investments of LKR1.4B.
Key information
59.2%
Debt to equity ratio
LK₨13.32b
Debt
| Interest coverage ratio | 3.6x |
| Cash | LK₨1.36b |
| Equity | LK₨22.49b |
| Total liabilities | LK₨48.49b |
| Total assets | LK₨70.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCS.N0000's short term assets (LKR19.7B) do not cover its short term liabilities (LKR31.6B).
Long Term Liabilities: CCS.N0000's short term assets (LKR19.7B) exceed its long term liabilities (LKR16.9B).
Debt to Equity History and Analysis
Debt Level: CCS.N0000's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: CCS.N0000's debt to equity ratio has reduced from 71.2% to 59.2% over the past 5 years.
Debt Coverage: CCS.N0000's debt is well covered by operating cash flow (102.9%).
Interest Coverage: CCS.N0000's interest payments on its debt are well covered by EBIT (3.6x coverage).